April 17 (Renewables Now) - The Solar Energy Corporation of India’s (SECI) recent tender targeting 1.2 GW of wind power capacity has attracted just 600 MW of bids, Mercom Capital reports, citing an industry source.
The tranche-VII tender for Inter-State Transmission system (ISTS)-connected projects across India was launched in February and was capped at INR 2.83 (USD 0.041/EUR 0.036) per kWh. India’s Adani Group bid for the largest portion, 250 MW, followed by France’s Engie (EPA:ENGI) with 200 MW. India's Sprng Energy and ReNew Power proposed to develop 100 MW and 50 MW, respectively, the unnamed source told Mercom.
SECI’s tranche-VI auction lured 2.3 GW of bids, against a target of 1.2 GW, with the lowest quoted tariff standing of INR 2.82/kWh. The low bid ceiling in the tranche-VII tender is seen as one of the main reasons for the lack of interest, Mercom said, citing a top executive at one of the bidding companies.
(INR 10 = USD 0.144/EUR 0.127)